City Admin, Local Contractors Ink 7.7b Br Cluster Zone Deal

Aug 27 , 2022


The Addis Abeba City Administration has inked a 7.7 billion Br agreement with two private construction firms to build an industry cluster zone in the Akaki-Qality District. MCG Construction Plc and TNT Construction & Trading are expected to erect the cluster zone on 94hct of land over the next two years. Officials of the Mega Projects Construction Office under the City Administration floated a bid early this year to hire contractors on behalf of the Addis Abeba Labour, Enterprise & Industry Development Bureau. The zone will serve as a manufacturing hub for agro-processing, wood and metal works, leather and textile, and construction materials. The design comprises 21 large shed for manufacturing and 200 megastores for input suppliers and product retail shops. Mayor Adanech Abiebie announced her administration would cover the entire construction budget from its own coffers.


Radar

City Approves Supplementary Budget for Capital Projects

Mayor Adanech Abiebe updated the City Council on the corridor development project during a meeting. While progress has been made, there are outstanding issues for some residents. An estimated 20pc of the 5,135 households impacted by construction have not yet received compensation or replacement housing. The Council approved a supplementary budget of 21 billion Br for the current fiscal year, which ends in two months. Over 90pc of these funds are earmarked for finalising capital projects, with...


Radar

Oromia Insurance Makes Historic Payout to Farmers

Oromia Insurance S.C. facilitated a 39 million Br payout in claims to Amhara Regional State farmers who suffered crop losses due to pest and drought. The initiative involved key stakeholders including the World Food Program (WFP), the Agricultural Transformation Institute (ATI), Pula Advisors, Agriculture and Finance ministries, and German development organisations. Spearheaded by Pula Advisors, the program has reached over 122,000 smallholder farmers, providing insurance against climate risk...


Radar

Ethio telecom Rolls Out Nationwide Digital ID Registration

Ethio telecom has launched a nationwide digital national ID registration program across 19 locations in Addis Abeba and 29 towns nationwide. With plans to register up to one million citizens a month, targeting to reach 32 million people within the next three years. The target represents 36pc of the total national goal of registering 90 million citizens. This program leverages the telco's extensive ICT infrastructure and network services in partnership with the national ID program office, led...


Back
WhatsApp
Telegram
Email